Your objective would be to introduce yourself, give a brief explanation of your business endeavours, and finish by exchanging business cards to eventually set up a time and date to take them out to lunch and see how you can benefit each other -- hopefully ending in an invaluable mentor for you as well as an important working relationship for your business.My Response:Good afternoon.

@Maria Bocanegra Depending on your type of REI Objectives, I would strongly suggest you establishing a Corporate Entity such as a S Corp or a LLC.

I found what I believed to be a good deal based on principles I learned here on BPI have planned on buying rental property for over ten years but never had the capitol and/or nerve until last month.  

Key lesson I learned the hard way is to always be mindful/evaluate data within the context "your objectives".  

The objective is to get your money as cheap as you can, but let the investor make enough that they are calling you asking about the next deal.

For us it was less an issue of the extra money (25k more) or even that he was entertaining other offers after accepting ours - it was more the timing and how he handled it (waiting until the last possible moment when we were maximally invested in the deal), which indicated that he had no principles - it felt like we were being extorted.

It won't happen overnight.Once that team is together & understands your business plans & objectives then start implementing.  

The principles almost always hold true, you just hove to decide how it applies to your new rental!

(study the art of word pictures - many years ago I worked for the Dale Carnegie organization - they talked about the value of word pictures - how to put your prospect in that picture - showing him using and enjoying and benefiting from your proposal)  Try it.I like to show sellers that even if they are not getting the up-front cash they expect, the owner financed mortgage and payments they are receiving don’t have to be passive – once the seller has trust in your seller financing proposal - reach your goals is possible - (ALWAYS PUT IT IN WRITING -don’t expect a verbal yes – melt everything down to writing and knowledge of answering seller’s objections – this is a crucial moment in your negotiations. – Take your time.

@Philip Hy I certainly have no objections.